G & M Masters Foundation
Private foundation · Edmonton, Alberta · BN 822274494RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($9,613) as filed with the CRA.
G & M Masters Foundation is a private foundation based in Edmonton, Alberta, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $2,263 in revenue and $9,613 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 29% of peers.
As a grantmaker, it reported gifts to 4 qualified donees totalling $7,500 in 2024, the largest being $5,000 to Justice Centre for Constitutional Freedoms. Revenue has grown substantially over its filings on record here, from $620 in 2020 to $2,263 in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The foundation continues to review the programs of qualified donees involved in education programs training and literacy.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2,263 | $9,613 | — | — | $7,500 | $171K |
| 2023 | $2,845 | $12K | — | — | $10K | $178K |
| 2022 | $1,301 | $24K | — | — | $22K | $187K |
| 2021 | $246 | $35K | — | — | $27K | $210K |
| 2020 | $620 | $22K | — | — | $20K | $245K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Investment income$2,263
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $7,500 to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Monique Achtman (director); Gerard Lambert (director); Marilynne Lambert (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from G & M Masters Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 822274494RR0001), or read how we compute the receipt.